# Secretary Perdue: China Phase I Deal is a Bonanza for American Agriculture

> USDA Secretary Perdue called the signed Phase One agreement a bonanza for American agriculture, saying it levels the playing field for US farmers. The deal includes Chinese commitments on additional purchases and a dispute resolution system, and the US agreed to modify Section 301 tariffs.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/54947-secretary-perdue-china-phase-i-deal-is-a-bonanza-for-american-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The official endorsement reinforces expectations of higher US farm export demand, but the statement contains no volumes or timing, so its price effect is mainly sentiment.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-25 | [China living up to trade deal promises, Biden's agriculture secretary says](https://feedsoft.ai/events/48474-china-living-up-to-trade-deal-promises-biden-s-agriculture-secretary-says.md) | -0.9% | +0.6% |
| SOY | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | +0.3% | -5.0% |
| SOY | 2020-07-16 | [Tax incentive and infrastructure boost good for agriculture](https://feedsoft.ai/events/51970-tax-incentive-and-infrastructure-boost-good-for-agriculture.md) | +1.5% | +0.5% |
| SOY | 2026-06-01 | [Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans](https://feedsoft.ai/events/14569-latest-u-s-china-agriculture-talks-expand-purchasing-pledges-beyond-soybeans.md) | -5.0% | -4.5% |
| SOY | 2024-07-11 | [Corn Was King: The Transition to Soy in U.S. Production Agriculture - Center for Commercial Agriculture](https://feedsoft.ai/events/15197-corn-was-king-the-transition-to-soy-in-u-s-production-agriculture-center-for.md) | -3.9% | -10.6% |
| CORN | 2021-02-25 | [China living up to trade deal promises, Biden's agriculture secretary says](https://feedsoft.ai/events/48474-china-living-up-to-trade-deal-promises-biden-s-agriculture-secretary-says.md) | -1.1% | +5.0% |
| CORN | 2026-07-21 | [Yakym: America First policy starts with Indiana agriculture, farmers  - Indiana Corn and Soy](https://feedsoft.ai/events/18310-yakym-america-first-policy-starts-with-indiana-agriculture-farmers-indiana-corn.md) | +0.0% | +0.9% |
| CORN | 2020-10-02 | [EPA's SRE Proposal is Unbalanced Approach for Agriculture \| Feed & Grain](https://feedsoft.ai/events/50516-epa-s-sre-proposal-is-unbalanced-approach-for-agriculture-feed-and-grain.md) | -1.1% | +5.3% |

## Sources

- usda.gov: https://www.usda.gov/media/press-releases/2020/01/15/secretary-perdue-china-phase-i-deal-bonanza-american-agriculture

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.